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Amendments to the FCM Regulations: introduction of bunched order clearing and further minor changes

Release date: 05 Apr 2019 | Eurex Clearing

No. 038/2019 Amendments to the FCM Regulations: introduction of bunched order clearing and further minor changes

As announced in Eurex Clearing circular 013/19, Eurex Clearing AG (Eurex Clearing) recently introduced a new functionality, facilitating the clearing of bunched orders with respect to OTC IRD transactions, which led to amendments in the Price List.

With this circular, Eurex Clearing announces the introduction of the same service for FCM Clearing Members under the FCM Regulations of Eurex Clearing (FCM Regulations). Given the different nature of the U.S. access framework for swap clearing, Eurex Clearing is introducing a more specific regulation regarding the LSOC models.

Furthermore, this circular also announces various additional changes to the FCM Regulations for clarification purposes in the context of the first weeks of the LSOC offering and due to changes to the Clearing Conditions, which need to be aligned with the FCM Regulations.


The amended sections of the FCM Regulations, as decided by the Executive Board of Eurex Clearing, are attached to this circular and will come into effect on 2 May 2019.


Terms used and not defined in this circular shall have the meanings given to them in the Clearing Conditions or FCM Regulations.

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